Study loans

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Name of the instrument - Local language
Kredit za študij
Name of the instrument - English translation
Study loans
Scheme ID
199
Country
Slovenia
Reporting year
2020
Type of instrument
Loan
Sub-type of instrument
Loan for HE expanded to adults
Type of entry
Single instrument
Short description

Adults can use a loan scheme introduced to support students in initial education to cover tuition fees in higher education, living costs or any other costs during full-time education. The scheme is managed via private retail banks. The maximum amount depends on the bank and varies from EUR 2 000 up to EUR 6 300 with a fixed interest rate and free credit granting. The operation/management of the loan is under commercial banks that offer loans for students. Specific rules (i.e. repayment mechanism, interest rate, loan distribution, loan size) depend on the bank and the individual contract between the bank and the loan taker.

Level of operation
National
Name of a part of the country
Not applicable
Name of the region (for regional instruments)
Not applicable
Name of the sector (for sectoral instruments)
Not applicable
Relevance
Further instrument
Not applicable
Objective(s) and target(s)
The objectives of the loan are not stated in legal acts as the loan system is financing through the private capital market.
Year of implementation
2004
Operation/management
The operation/management of the loan is under commercial banks that offer loans for students. Each commercial bank that offers loans has its own internal operation/management of the loans.
Eligible group(s)
Residents of Slovenia, holding a status of a student
Group(s) with preferential treatment
No preferential treatment
Education and training eligible
Higher education (ISDED 5)
Source of financing and collection mechanism
The loan system is financing through the private capital market. The source of funding is commercial banks. The state is not involved in the loan mechanism. As only a resident holding a status of a student is eligible to receive the loan, the educational institutions provide official statements of an individual's status when necessary.
Financing formula and allocation mechanisms
The loan is disbursed to the loan taker. The way how the loan is disbursed depends on the bank. The loan repayment starts in a fixed period after graduation. The concrete period depends on the bank's set requirements. The maximum amount of the loan depends on the bank and varies from EUR 2 000 up to EUR 6 300. The interest rate is fixed. A periodic interest rate is paid during the studies. Free credit granting. There is no loan forgiveness.
Eligible costs
Adults can use a loan scheme introduced to support students in initial education to cover tuition fees in higher education, living costs or any other costs during full-time education.
Volumes of funding
This data is not publicly available.
Beneficiaries/take up
The loans are provided by private banks, therefore data is not available.
Organisation responsible for monitoring/evaluation
Commercial banks
Monitoring/evaluation reports available
Not available
Most relevant webpage - in English
Not available
Most relevant webpage - local language
Not available
Recent changes

No recent amendment

Recent changes in response to COVID-19

Not applicable.

Sources
https://www.nlb.si/studentski-kredit?gclid=Cj0KCQjw0oCDBhCPARIsAII3C_HZ…
https://www.addiko.si/studentski-kredit/
https://www.gbkr.si/osebne-finance/krediti/studentski-kredit
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